Free Cash Flow to Equity (FCFE)
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Item | Description | The company |
---|---|---|
FCFE | Free cash flow to equity is the cash flow available to AT&T Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. | AT&T Inc. FCFE increased from 2019 to 2020 and from 2020 to 2021. |
Price to FCFE Ratio, Current
No. shares of common stock outstanding | 7,159,000,000 |
Selected Financial Data (US$) | |
Free cash flow to equity (FCFE) (in millions) | 47,881 |
FCFE per share | 6.69 |
Current share price (P) | 20.57 |
Valuation Ratio | |
P/FCFE | 3.08 |
Benchmarks | |
P/FCFE, Competitors1 | |
T-Mobile US Inc. | — |
Verizon Communications Inc. | — |
P/FCFE, Sector | |
Telecommunication Services | 15.02 |
P/FCFE, Industry | |
Communication Services | 19.80 |
Based on: 10-K (reporting date: 2021-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 7,142,892,741 | 7,131,763,496 | 7,172,884,070 | 7,284,589,883 | 6,141,532,706 | |
Selected Financial Data (US$) | ||||||
Free cash flow to equity (FCFE) (in millions)2 | 47,881 | 19,435 | 15,312 | 13,562 | 54,053 | |
FCFE per share3 | 6.70 | 2.73 | 2.13 | 1.86 | 8.80 | |
Share price1, 4 | 23.94 | 28.63 | 38.61 | 30.85 | 36.77 | |
Valuation Ratio | ||||||
P/FCFE5 | 3.57 | 10.51 | 18.09 | 16.57 | 4.18 | |
Benchmarks | ||||||
P/FCFE, Competitors6 | ||||||
T-Mobile US Inc. | — | 15.91 | — | — | — | |
Verizon Communications Inc. | — | 6.74 | 24.36 | 19.75 | 17.18 | |
P/FCFE, Sector | ||||||
Telecommunication Services | 16.08 | 9.24 | 26.21 | 24.02 | 7.65 | |
P/FCFE, Industry | ||||||
Communication Services | 24.63 | 20.42 | 31.51 | 19.07 | 16.71 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 Data adjusted for splits and stock dividends.
3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 47,881,000,000 ÷ 7,142,892,741 = 6.70
4 Closing price as at the filing date of AT&T Inc. Annual Report.
5 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= 23.94 ÷ 6.70 = 3.57
6 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
P/FCFE | Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. | AT&T Inc. P/FCFE ratio decreased from 2019 to 2020 and from 2020 to 2021. |